Earned Value

The Earned Value bar chart displays the planned value, earned value and actual cost of all the projects assigned to a project manager. The user can view the project performance and the difference between the Planned Amount, Amount Earned, and Amount Consumed on a specific date. This chart indicates the schedule variance with regards to the amounts, and also the cost variance with regards to the amount of consumption. The project manager can use the Earned Value metric to initiate corrective actions when the difference between the planned and earned, or earned and actual amount displays a negative value.